Lululemon Athletica Inc. (NASDAQ:LULU) Shares Purchased by Rakuten Securities Inc.

Rakuten Securities Inc. boosted its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 876.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,022 shares of the apparel retailer’s stock after acquiring an additional 1,815 shares during the quarter. Rakuten Securities Inc.’s holdings in Lululemon Athletica were worth $549,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. William Allan Corp boosted its stake in Lululemon Athletica by 0.8% during the 1st quarter. William Allan Corp now owns 4,896 shares of the apparel retailer’s stock valued at $1,913,000 after purchasing an additional 37 shares in the last quarter. Bleakley Financial Group LLC boosted its stake in Lululemon Athletica by 2.1% during the 1st quarter. Bleakley Financial Group LLC now owns 1,889 shares of the apparel retailer’s stock valued at $738,000 after purchasing an additional 38 shares in the last quarter. Versant Capital Management Inc boosted its stake in Lululemon Athletica by 61.5% during the 2nd quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 40 shares in the last quarter. Rockline Wealth Management LLC boosted its stake in Lululemon Athletica by 1.3% during the 2nd quarter. Rockline Wealth Management LLC now owns 3,314 shares of the apparel retailer’s stock valued at $990,000 after purchasing an additional 43 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in Lululemon Athletica by 78.2% during the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 43 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Nicole Neuburger sold 486 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $269.59, for a total transaction of $131,020.74. Following the completion of the transaction, the insider now owns 6,198 shares of the company’s stock, valued at approximately $1,670,918.82. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Calvin Mcdonald purchased 4,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were purchased at an average cost of $260.00 per share, for a total transaction of $1,040,000.00. Following the completion of the purchase, the chief executive officer now directly owns 89,922 shares of the company’s stock, valued at approximately $23,379,720. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nicole Neuburger sold 486 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $269.59, for a total value of $131,020.74. Following the transaction, the insider now owns 6,198 shares in the company, valued at $1,670,918.82. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LULU. Jefferies Financial Group reaffirmed an “underperform” rating and set a $220.00 price target on shares of Lululemon Athletica in a research note on Thursday, July 25th. TD Securities raised their price objective on Lululemon Athletica from $375.00 to $382.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Wedbush reduced their price objective on Lululemon Athletica from $400.00 to $324.00 and set an “outperform” rating for the company in a research note on Wednesday, August 28th. UBS Group reduced their price objective on Lululemon Athletica from $385.00 to $315.00 and set a “neutral” rating for the company in a research note on Tuesday, August 20th. Finally, Barclays reduced their price objective on Lululemon Athletica from $263.00 to $261.00 and set an “equal weight” rating for the company in a research note on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and an average price target of $357.13.

Lululemon Athletica Price Performance

Shares of NASDAQ:LULU opened at $318.46 on Tuesday. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $516.39. The business has a 50-day moving average of $280.78 and a two-hundred day moving average of $290.46. The stock has a market capitalization of $39.10 billion, a P/E ratio of 24.61, a P/E/G ratio of 2.24 and a beta of 1.24.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.93 by $0.22. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter in the previous year, the firm earned $2.68 earnings per share. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, research analysts expect that Lululemon Athletica Inc. will post 14.02 EPS for the current fiscal year.

Lululemon Athletica Profile

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.